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$549,999
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Property Description
TRIPLEX already making money! Welcome to your dream waterfront escape in Matlacha, a unique TRIPLEX boasting not only direct Gulf access but also a wealth of investment potential. This multi-family residence showcases 3 immaculate units. Each of them it's been meticulously renovated to offer comfort, style and functionality with brand new floors, new kitchen cabinets, appliances and a shared laundry room. The setup is perfect for those looking to live in one unit while embracing the financial benefits of renting out the other two, providing a smart way to manage retirement finances while enjoying the culture and community of a bustling waterfront locale. Step outside to discover the vinyl fence surrounding the premises and a solid metal roof for your peace of mind. Whether your passion lies in kayaking, world-class fishing, or simply soaking in the sun, this property has direct access to the Gulf via Matlacha Pass. The wooden deck is the perfect spot for catching snooks or indulging in the quiet joy of sipping the morning coffee. Your new income property is situated a leisurely stroll away from Matlacha community Park and directly across from the delightful Yucatan Waterfront Bar and Grill, perfect for evenings when cooking feels like too much of a chore. Not to mention, the nearby Publix Super Market ensures that all your daily needs are just a short drive away. Whether you are looking to enhance your lifestyle or expand your portfolio, this income property promises a blend of leisure and fiscal wisdom you won't want to miss. Dive into this opportunity and let your investments dreams set sail in historic Matlacha!
Full Property Details
Full Property Details for 4874 Pine Island Rd NW
General
- Price: $549,999
- Taxes: (2024)
- Status: Active
- Type: Triplex
- Source: Bonita_Springs
- MLS ID: 225020614
- Updated: 12/10/2025
- Added to Site: 327 day(s) ago
Interior
- Flooring: Laminate
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Laundry: Common Area
Additional Information
- Shared Amenities: Fishing, See Remarks, No Subdivision
Exterior
- Exterior Features: Wooden Dock, Courtyard
- Porch/Patio/Deck: Patio
Location
- Area: PI01 - Pine Island (North)
- County: Lee
- Subdivision: MATLACHA
- Building Name: MATLACHA
Community
- Units Assoc/Comm: 3
- Pets Allowed: Yes
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Central Electric
- Heating Type: Central Electric
Utilities
- Sewer: Central
- Water: Central
- Cable Available: Yes
- Utility Description: Cable Available
Structural Information
- Description/Design: Triplex
- Exterior Const.: Wood Frame, Vinyl Siding
- Roof: Metal
- Windows: Double Hung
- Stories/Levels: 1
- Year Built: 1942
Lot Features
- Lot Size (Acres): 0.114
- Lot Size (Sq. Ft.): 4,965
- Lot Size Source: Property Appraiser Office
- Lot Dimensions: 50 x 50 x 100 x 100
- Frontage Feet: 50
- Fence: Yes
- Irrigation System: None
- Lot Features: Regular
- Zoning: C-1
- Lot Description: Regular
- Fencing (Description): Fenced
Water Features
- Water Front: Yes
- Gulf Access: Yes
- Water Front Desc.: Gulf Frontage
Financial Considerations
- Operating Expenses: $1,200
- Tax Year: 2024
- Terms: Buyer Finance/Cash, Buyer Pays Title
- Tenant Pays: Other/See Remarks
Disclosures and Reports
- Legal Description: PINE ISLAND FILL SUBD BLK 3 PB 8 PG 86 LOT 4
- Property ID: 24-44-22-01-00003.0040
- Section: 24
- Block: 3
- Lot Number: 4
Listed by Ideal Homes Realty LL
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Schools
Schools serving 4874 Pine Island Rd NW
School District:Lee County School District, Fort Myers, FL
| Name | Grades | Distance |
|---|---|---|
Pine Island Elementary School 5360 Ridgewood Drive, Bokeelia, FL 33922 | K-5 | 2.5 mi |
Trafalgar Middle School 2120 Trafalgar Parkway, Cape Coral, FL 33991 | 6-8 | 3.6 mi |
Gulf Middle School, Cape Coral, FL 1809 Southwest 36th Terrace, Cape Coral, FL 33914 | 6-8 | 4.7 mi |
Mariner Middle School 425 Chiquita Boulevard North, Cape Coral, FL 33993 | 6-8 | 5 mi |
Ida S. Baker High School 3500 Agualinda Boulevard, Cape Coral, FL 33914 | 9-12 | 4.5 mi |
Mariner High School 701 Chiquita Boulevard North, Cape Coral, FL 33993 | 9-12 | 5.2 mi |
Cape Coral High School 2300 Santa Barbara Boulevard, Cape Coral, FL 33991 | 9-12 | 6.1 mi |
Challenger Middle School, Cape Coral, FL 624 Trafalgar Parkway, Cape Coral, FL 33991 | 6-8 | 5.4 mi |
Caloosa Middle School 610 Del Prado Boulevard South, Cape Coral, FL 33990 | 6-8 | 8.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4874 Pine Island Rd NW
Date
Details
Price
Change
Source
9/29/2025
Price Reduced
$549,999
-8.18%
MLS
9/17/2025
Price Increased
$599,000
33.11%
MLS
8/26/2025
Price Reduced
$450,000
-24.99%
MLS
7/17/2025
Price Reduced
$599,900
-19.91%
MLS
5/04/2025
Price Reduced
$749,000
-11.88%
MLS
2/25/2025
Listed
$850,000
507.14%
MLS
2/03/2015
Sold
$140,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 4874 Pine Island Rd NW
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,437
-35%
$166,215
-12%
2024
$3,725
9%
$188,718
14%
2023
$3,425
-18%
$166,215
-24%
2021
$4,160
-14%
$218,073
-31%
2022
$4,865
17%
$316,956
45%
2021
$4,160
-10%
$218,027
-9%
2018
$4,645
7%
$238,949
10%
2017
$4,327
—
$217,226
1%
2016
$4,329
-6%
$215,619
-12%
2019
$4,625
48%
$243,867
64%
2015
$3,125
—
$148,942
-11%
2014
$3,115
15%
$167,798
35%
2013
$2,704
—
$124,301
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 4874 Pine Island Rd NW
4874 Pine Island Rd NW, Matlacha, FL 33993 (MLS# 225020614) is a Triplex property with 4 bedrooms and 3 full bathrooms. 4874 Pine Island Rd NW is currently listed for $549,999 and was received on February 25, 2025. Want to learn more about 4874 Pine Island Rd NW? Do you have questions about finding other Triplex real estate for sale in Matlacha? You can browse all Matlacha real estate or contact a Coldwell Banker agent to request more information.

